The Austrian Financial Market Authority (FMA) recorded a minor increase in the premium volume in the first quarter of 2012.

During Q1 of 2012, Austria’s insurance undertakings achieved a marginal 0.27% increase in premiums over the same period last year, reaching a level of roughly € 5bn. A decrease in premiums was recorded for life assurance, which dropped by 7% to € 1.77bn. This can be largely attributed to falling levels of fund-linked and unit-linked life assurance premiums (-26%). Minor premium…